t A10K Inc., we specialize in writing commercial and agricultural risks of all sizes. We believe in providing you with a wide range of options to ensure that you receive optimal coverage specifically designed for your own needs. In order to prevent running the risk of buying coverage that you do not need, it is important to develop a solid understanding of the standard coverages we offer.
A few of the standard coverages that insurers typically offer include homeowner’s insurance, commercial property insurance and farm homeowner’s insurance. In order to understand the primary purpose of farm homeowner’s coverage, let us first explain what commercial property insurance and homeowner’s insurance covers.
Commercial Property Insurance vs. Homeowner’s Insurance
Commercial property insurance not only protects the buildings in which you
On the other hand, homeowner insurance policies are designed to protect property owners of residential dwellings, coverage for household contents, additional living expenses and detached structures on the premises. Similar to
What is Farm Homeowner’s Insurance?
Farm homeowner’s insurance falls right in between commercial property insurance and homeowner’s insurance. It is similar to
A standard farm homeowner’s insurance policy would normally offer coverage for:
Farm Buildings and Contents
Farm Machinery & Equipment (tractors, pivots, balers, combines, etc.)
Grain, Fertilizer, and Produce
Despite these common coverages, each farm is unique in terms of their coverage requirements. To illustrate, dairy farmers rely on certain equipment to keep their milk products safe from spoilage or contamination. Therefore, dairy farmers should opt for milk products and supplies coverage, which would compensate for spoiled milk. Alternatively, a farmer who runs a hobby farm would consider a range of coverages for their small farm. Although these farms do not generate much income, they would greatly benefit from a combination of livestock, equipment and/or produce coverage. Simply put, you want to ensure that selected coverage fits all aspects and/or elements of your farm. At A10K, we can help you select an insurance product that is tailored to your needs.